Penske Automotive Group, a diversified international transportation services company, has completed the acquisition of a Ferrari dealership located in Modena, Italy. This strategic move expands Penske's luxury automotive retail footprint in the region.
The newly acquired dealership is situated in Emilia Romagna, a region known as the heart of Italy's Motor Valley. This addition brings Penske's total luxury presence in Italy to 29 automotive retail locations.
The acquisition by a major automotive retailer like Penske underscores the enduring strength and desirability of the Ferrari brand. It reflects continued investment in the sales and service network for Ferrari vehicles, signaling robust market demand.
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